Hi,[self promotion and contact information deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
Hi,You are under no obligation to pay the broker. However, are you aware that the nationwide average for home sold by brokers is 23% higher than homes sold without brokers? Even after you remove the 5 or 6% brokers fee, the net is still 17 or 18% higher, plus the broker pays all the marketing advertising costs. Do yourself a favor and hire a broker
1]If the broker brought the buyer to your house, there is an implied agreement that he would be compensated if that buyer purchased your house.2] Did you have your home appraised to make sure you were selling it at the correct price? I've seen homeowners sell properties without brokers over the years who left thousands of dollars on the table. Remember that homes sold by brokers average price is 15% higher than owner sales. Even when your deduct the broker fee, the owner sold property is 10% lower. What is 10% of your sales price?
The capital gain tax only relates to the seller. It is allied to the "gain"' profit that a seller receives above their basis and applicable exemptions. If you would like to discuss the matter further, don't hesitate to call.
I can help you with that- please call me at 718-643-0040
Hi,As a full time broker with 30 years experience in the business, I just want to simplify why Zillow zestimates are sometimes so far off. There mechanism will search all closed sales within a zip code, and average their zestimate. Certain zip codes in Brooklyn could contain both houses that sell for $300,000-500,000 and houses that sell for $2,000,000-$3,000,000, so the average might be $1,500,000, more than a million dollars off the right price for the lower price AND the higher price houses!Hope this helps.All the best,Sal CappiAssociate Broker[phone number deleted by Zillow moderator. Please refer to our Good Neighbor Policy for posting guidelines]
Hi Dr Lou,I'll be happy to help you with you posting. Please feel free to click on my profile and contact me, and I will be glad to help. All the best, and good luck,Sal Cappi
At the bottom of Zillows page is a link for Zestimate values and accuracy. No homeowner should think that a numbers crunching computer can factor in all the amenities that differentiate values in similar neighborhoods. This link will give you an idea as to what type of accuracy you can expect for your area, Most are off by 20%+ and could be even higher, where housing stock is not homogeneous. If you are contemplating buying or selling a home and want pricing information you can count on, either hire a licensed appraisor, or an experienced realtor!